Citadel to Redeem $500 Million From Melvin Capital Melvin, a hedge fund that had bet that GameStop’s share price would fall, received a $2 billion infusion from Citadel after the stock skyrocketed.
Stanley Aronowitz, Labor Scholar and Activist, Dies at 88 As a self-described “working-class intellectual,” he declared that direct action was more potent than collective bargaining or conventional politics.Stanley Aronowitz in 2002, when he was the Green Party candidate for governor of New York.
Saturday assorted links 1. Private insurers are now picking up less of the tab for Covid-related hospital stays. 2. Claims about vaccine efficacy, useful. And further claims about boosters. The correct final picture here still is not clear to me.
Gold Price Tethers as Rapport with USD and Treasury Yields Is Tested A quite week for spot gold after a rollercoaster August. Markets await further guidance as Jackson Hole Symposium looms. XAU/USD looks to dollar drivers.
The economics of Taliban finance An example of Islamist governance can be found on the stretch of road from Kabul to the Mile 78 border crossing in south-west Farah province that borders Iran. The road has more than 25 government checkpoints and a fee is charged at multiple points on the journey.
Conflict in Laws Jacobson violates Human Right to Consent A lot of people have written in to ask if I would explain my position on the legal outcome of forced vaccines. I will try to be a bit more detailed. I see this as a conflict in law at the Supreme Court and how do we argue against Vaccine Passports.
Cruise Line Investors Are Boarding the Wrong Ships Norwegian doubles down on vaccination requirements, but the kids will be all right at home.
Weekly Fundamental US Dollar Forecast: More Tapering Hints at Jackson Hole The US Dollar (via the DXY Index) has moved up to fresh yearly highs as traders have begun to anticipate the Fed’s stimulus withdrawal.
Venice Is Open for Tourists, but Not Cruise Ships A move to ban huge cruise ships from Venice’s lagoon has split a city that is reliant on tourism but can get overrun by foreign visitors.
Citadel to Redeem About $500 Million from Melvin Capital Ken Griffin’s Citadel and Citadel partners are planning to redeem roughly $500 million of the $2 billion they put in Melvin Capital Management after Melvin got slammed by short bets on GameStop and other soaring stocks.
Tech companies' foreign policy towards Afghanistan The fall of Kabul showed that a handful of executives, who are not elected officials, have a key role in global affairs.
SPACs Went Up, Then Down, but They’re Not Out New regulatory scrutiny and high-profile blowups have revived longstanding concerns about the public shell companies. But many backers seem undaunted.
The medium is the message: Jackson Hole goes virtual That's a powerful message to Jerome Powell At the July 28 FOMC press conference, Fed Chairman Jerome Powell brushed aside delta, saying it would now have only a minor effect on the path of the economy.
FDA aims to give full approval to Pfizer covid vaccine on Monday Full approval could aid with vaccine hesitancy A common refrain for US anti-vaxxers is that they want full FDA approval before getting the vaccine. Whether that's a real reason or flimsy excuse will be put to the test in the near future as the New York Times the agency is planning to give full approval
New Zealand outbreak takes a turn for the worse with 21 new cases Total cases now at 51 Optimism that New Zealand can contain its covid outbreak is fading after details of 21 new cases were reported. PM Jacinda Ardern said it was "very likely" the nationwide lockdown would be extended beyond Tuesday.
Steelmakers Grapple With How to Cut Emissions Cleaning up one of the world’s dirtiest industries is key to hitting global climate goals, but decarbonizing looks to be costly for companies.
To Gen Zers Working From Home, the Office Is a Remote Concept Many who started careers during the pandemic have never worked in the same space as colleagues. But there are ways bosses can ensure they don’t miss out on mentoring.
Moderna Stock Heads to the Moon The Covid-19 vaccine maker’s shares are the top performer in the S&P 500 so far this year.
School or ‘Russian Roulette’? Amid Delta Variant and Lax Mask Rules, Some Parents See No Difference A discussion of parents worried about sending their kids back to school curiously contains only red state/nonurban examples.
Why Your Next Trip Might Be More Expensive Than Your Last The cost of travel climbed this summer, but the Delta variant is weighing on demand. We looked into travel’s murky crystal ball to find out how prices will fare in the future.
‘Nursing Is in Crisis’: Staff Shortages Put Patients at Risk “When hospitals are understaffed, people die,” one expert warned as the U.S. health systems reach a breaking point in the face of the Delta variant.Valerie Kiper, a registered nurse, treated Debra Collisgru, a Covid patient, in the emergency room of Ocean Springs Hospital in Mississippi on Sunday.
Will Americans Who Were Right on Afghanistan Still Be Ignored? Quelle surprise! No one is held accoutable for huge, predictable strategic and moral failures like going to Afghanistan, because profit